GAM Holding AG decreased its position in Yandex NV (NASDAQ:YNDX) by 41.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,386 shares of the information services provider’s stock after selling 29,862 shares during the quarter. GAM Holding AG’s holdings in Yandex were worth $1,394,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. United Services Automobile Association boosted its holdings in shares of Yandex by 169.7% in the 2nd quarter. United Services Automobile Association now owns 268,677 shares of the information services provider’s stock valued at $9,646,000 after purchasing an additional 169,061 shares in the last quarter. American Century Companies Inc. boosted its holdings in shares of Yandex by 7.2% in the 2nd quarter. American Century Companies Inc. now owns 3,602,897 shares of the information services provider’s stock valued at $129,344,000 after purchasing an additional 241,530 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of Yandex in the 2nd quarter valued at $240,000. Point72 Hong Kong Ltd acquired a new stake in shares of Yandex in the 2nd quarter valued at $2,693,000. Finally, Nokota Management LP acquired a new stake in shares of Yandex in the 2nd quarter valued at $6,821,000. 67.15% of the stock is currently owned by institutional investors.
A number of equities research analysts have weighed in on YNDX shares. ValuEngine downgraded Yandex from a “hold” rating to a “sell” rating in a report on Friday, September 7th. BidaskClub downgraded Yandex from a “hold” rating to a “sell” rating in a report on Saturday, September 8th. Zacks Investment Research downgraded Yandex from a “hold” rating to a “strong sell” rating in a report on Monday, September 17th. Finally, Bank of America reduced their target price on Yandex from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Friday, October 5th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Yandex presently has a consensus rating of “Buy” and a consensus target price of $41.33.
Shares of YNDX opened at $28.60 on Friday. Yandex NV has a 52 week low of $24.90 and a 52 week high of $44.49. The firm has a market capitalization of $9.42 billion, a PE ratio of 28.70 and a beta of 2.41.
Yandex (NASDAQ:YNDX) last announced its quarterly earnings results on Monday, October 29th. The information services provider reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.01. Yandex had a return on equity of 12.70% and a net margin of 37.72%. The company had revenue of $496.60 million during the quarter. During the same quarter in the previous year, the company posted $7.16 earnings per share. The firm’s revenue was up 39.0% on a year-over-year basis. On average, sell-side analysts predict that Yandex NV will post 0.81 earnings per share for the current fiscal year.
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Yandex N.V., an Internet and technology company, operates an Internet search engine in Russia and internationally. The company offers search, location-based, personalized, and mobile services that enable users to find information, and communicate and connect over the Internet from desktops and mobile devices.
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